BlockBeats News, February 4th. According to Forbes, Bitcoin has recently experienced a sharp pullback, sparking concerns in the market about a “deep decline” in a new round of crypto assets. Over the past week, the price of Bitcoin has fallen by about 10%, dropping below the $80,000 mark at one point, with the latest low touching $73,000 and then rebounding slightly above $75,000.
Amidst the sudden shift in market sentiment, CZ publicly stated that his confidence in Bitcoin’s “super cycle” in 2026 has significantly decreased. CZ stated that due to market fear, uncertainty, and doubt (FUD), extreme liquidation events, and geopolitical uncertainties, the current environment will see “very high” volatility. While a super cycle is still possible, the probability has now dropped to around 50%.
At the same time, renowned investor and prototype of “The Big Short,” Michael Burry, warned that the price of Bitcoin could further decline to $50,000. He pointed out that if it falls to this level, Bitcoin mining companies may face severe financial pressure, even the risk of bankruptcy.
Concerns in the market about Bitcoin’s weakness have been exacerbated by funds flowing rapidly into traditional safe-haven assets such as gold and silver. LMAX Group CEO David Mercer stated that the current market is experiencing “collateral tightening,” where risk dispersion is faster than the support system, leading to significantly amplified volatility.
Analysts believe that against the backdrop of a gold price rebound and crypto assets being repriced as “high-risk assets,” Bitcoin’s short-term trend will still be highly dependent on macroeconomic conditions and changes in market sentiment.
